SEC Form 8-K Summary
Registrant: XL Fleet Corp. (NYSE: XL), despite the request metadata identifying Spruce Power Holding Corp.
Reporting date: May 4, 2022. The filing reports results of XL Fleet’s 2022 Annual Meeting of Stockholders under Item 5.07.
Business Context and Reporting Period
The filing concerns corporate governance matters voted on at the annual meeting. It does not provide operating or financial results for a quarterly or annual reporting period.
Financial and Other Key Metrics
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, or other financial performance metrics.
Material Changes Versus the Prior Comparable Period
No comparable-period financial or operating information is provided. The filing reports only annual meeting voting outcomes.
Voting Results, Outlook, and Unusual Items
- Director elections: Kevin Griffin received 43,649,032 votes for and 6,660,346 withheld, with 33,086,825 broker non-votes. Christopher Hayes received 43,088,469 votes for and 7,220,909 withheld, with 33,086,825 broker non-votes. Both nominees were elected.
- Auditor ratification: Stockholders ratified the Audit Committee’s appointment of Marcum LLP as independent public accountants for the fiscal year ending December 31, 2022, with 81,832,457 votes for, 795,907 against, and 767,839 abstentions.
- Executive compensation advisory vote: The proposal was approved with 43,293,855 votes for, 6,818,185 against, 197,338 abstentions, and 33,086,825 broker non-votes.
- Frequency of executive compensation advisory vote: Stockholders selected an annual vote, with 48,463,893 votes for one year, compared with 284,399 for two years and 1,289,008 for three years. There were 272,078 abstentions and 33,086,825 non-votes.
- The filing contains no management guidance, operating outlook, contingencies, or risk updates.
Important Facts for Investors to Verify
- Confirm the registrant’s identity, because the supplied metadata names Spruce Power Holding Corp., while the filing identifies XL Fleet Corp.
- Verify that Kevin Griffin and Christopher Hayes were elected and that Marcum LLP was ratified as auditor.
- Verify that stockholders selected an annual frequency for future advisory votes on executive compensation.
- Review separate periodic filings for XL Fleet’s financial condition, liquidity, operating performance, and risks, which are not addressed in this Form 8-K.